WyoLotto officials announced the July 2024 transfer to Wyoming’s cities, towns and counties is over $1.4 million. Each quarter the organization transfers a statutory amount of 75 percent or more of net revenue to the state, where it is then distributed by the State Treasurer to Wyoming’s cities, towns and counties.
This brings the running total to $39.4 million going directly back to the state from WyoLotto since launch in 2014.
“Each quarter we look forward to making these transfers, as we know the cities, towns and counties appreciate the funds. Our mission is to always maximize what we give back to Wyoming and these quarterly transfers help us accomplish that mission,” said WyoLotto CEO Jon Clontz.
WyoLotto has been making quarterly transfers to Wyoming’s cities, towns and counties since April 2016, with a mission to maximize giving back to Wyoming. The company launched in August of 2014 after the Wyoming Legislature and then Governor Matt Mead signed into law the bill allowing the creation of a lottery.
The bill also outlined that the creation could not be carried out with any state funding, so the WyoLotto Board of Directors and CEO Clontz secured a start-up loan through a Wyoming bank (Jonah Bank). That loan was paid off early in January of 2016, allowing the first net revenue transfer directed by statute to occur in April 2016 for more than $1,000,000.
To see each transfer, please go to https://statetreasurer.wyo.gov/financial/distributions/.